Technical analysis GBPUSD for 31.01.2022

The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively. The closest support and resistance levels are Kijun-sen and Tenkan-se, respectively

Key levels

• 1.36825, 1.35950, 1.35275, 1.34548, 1.33725, 1.33175

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 1.34548, with Take Profit of 1.33725 and Stop Loss of 1.34810

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 1.34810, with Take Profit of 1.35275 and Stop Loss of 1.34548